Global News and Digital Insights
for the Consumer Goods Industry

March 30, 2022

The key to success for Asia-Pacific’s businesses and retailers: digital supply chain

As per the Ernst and Young (EY) report, the ASEAN region’s businesses and retail companies should optimise their supply chains to drive growth. The companies need to balance between the just-in-case and just-in-time models, stocking in-house large inventories. As per the EY report, firms should feature digital twinning which is a digitised replica of an already existing supply chain, enabling companies to make strategic decisions via real-time data. The report unfolds that Vietnam’s Seaport Master Plan for 2021-2030 would reduce logistics costs, while Malaysia’s Industry4WRD National Policy would enable companies to feature digital technologies in the manufacturing sector. The study further holds that the four categories, including consumer goods, electronic manufacturing, healthcare equipment, and agriculture tech, would drive growth for the businesses in the ASEAN region. Read more from Businesstimes

Mars’ Maria Velissariou’s AI insights: How Skittles company is balancing its colour scheme

The Global Corporate R&D V.P and Chief Science Officer of Mars, Maria Velissariou, shared insights related to AI in the U.S. Food and Drug Administration’s TechTalk Podcast. He revealed that the Skittles company utilises AI-driven solutions to ensure the right balance of colours in each packet, giving its consumers the taste of the rainbow. He further elaborated that the company has incorporated AI into more than 250 projects, freeing employees from doing repetitive mundane tasks like sorting skittles. Mars uses an AI-driven model, Mission Control, to perform comparative analysis, analyse performance metrics and generate impossible insights. All these solutions would enable the company to develop higher food safety solutions and produce quality products.   Read More from CandyIndustry

Unilever and SAP joined hands to pivot blockchain solutions

Unilever entered into a joint venture with SAP to pivot a blockchain solution, allowing the CG giant to track palm oil across its supply chain operations. Last year, Unilever utilised the Green Token solution provided by SAP to create digital tokens for palm oil fruits, allowing suppliers to capture their origin’s information and track their journey. As blockchain is an effective way of tracking products across complex supply chain operations, SAP’s Green Tokens provide companies with strategic blockchain solutions. These solutions range from assuring the sustainable origin of palm oil products to effective traceability of the products. Unilever stepped into the blockchain years ago, collaborating with Sainsbury, Barclays, BNP Paribas, and Standard Chartered to improve operations across the tea supply chain. Read more from Edie

Conad Centro Nord teamed up with Tuidi to launch an AI-based model to automate product procurement

Conad Centro Nord has teamed up with Tuidi, a retail tech start-up, to launch a virtual assistant that would help Conad Centro Nord automate its product procurement. The artificial intelligence and machine learning-based model, Delphie, would help Conad Centro Nord’s supermarkets across Italy to monitor and control its promotional line and perishable products. Tuidi’s AI-based solutions would enable Conad Centro Nord to solve the problems related to the perishability of food due to its short expiry period. Read more From Esmmagazine

The key to success for Asia-Pacific’s businesses and retailers: digital supply chain

As per the Ernst and Young (EY) report, the ASEAN region’s businesses and retail companies should optimise their supply chains to drive growth. The companies need to balance between the just-in-case and just-in-time models, stocking in-house large inventories. As per the EY report, firms should feature digital twinning which is a digitised replica of an already existing supply chain, enabling companies to make strategic decisions via real-time data. The report unfolds that Vietnam’s Seaport Master Plan for 2021-2030 would reduce logistics costs, while Malaysia’s Industry4WRD National Policy would enable companies to feature digital technologies in the manufacturing sector. The study further holds that the four categories, including consumer goods, electronic manufacturing, healthcare equipment, and agriculture tech, would drive growth for the businesses in the ASEAN region. Read more from Businesstimes

Mars’ Maria Velissariou’s AI insights: How Skittles company is balancing its colour scheme

The Global Corporate R&D V.P and Chief Science Officer of Mars, Maria Velissariou, shared insights related to AI in the U.S. Food and Drug Administration’s TechTalk Podcast. He revealed that the Skittles company utilises AI-driven solutions to ensure the right balance of colours in each packet, giving its consumers the taste of the rainbow. He further elaborated that the company has incorporated AI into more than 250 projects, freeing employees from doing repetitive mundane tasks like sorting skittles. Mars uses an AI-driven model, Mission Control, to perform comparative analysis, analyse performance metrics and generate impossible insights. All these solutions would enable the company to develop higher food safety solutions and produce quality products.   Read More from CandyIndustry

Unilever and SAP joined hands to pivot blockchain solutions

Unilever entered into a joint venture with SAP to pivot a blockchain solution, allowing the CG giant to track palm oil across its supply chain operations. Last year, Unilever utilised the Green Token solution provided by SAP to create digital tokens for palm oil fruits, allowing suppliers to capture their origin’s information and track their journey. As blockchain is an effective way of tracking products across complex supply chain operations, SAP’s Green Tokens provide companies with strategic blockchain solutions. These solutions range from assuring the sustainable origin of palm oil products to effective traceability of the products. Unilever stepped into the blockchain years ago, collaborating with Sainsbury, Barclays, BNP Paribas, and Standard Chartered to improve operations across the tea supply chain. Read more from Edie

Conad Centro Nord teamed up with Tuidi to launch an AI-based model to automate product procurement

Conad Centro Nord has teamed up with Tuidi, a retail tech start-up, to launch a virtual assistant that would help Conad Centro Nord automate its product procurement. The artificial intelligence and machine learning-based model, Delphie, would help Conad Centro Nord’s supermarkets across Italy to monitor and control its promotional line and perishable products. Tuidi’s AI-based solutions would enable Conad Centro Nord to solve the problems related to the perishability of food due to its short expiry period. Read more From Esmmagazine